Privacy-focused cryptocurrency zcash executed its first and long-awaited hard fork on Tuesday morning. Called Overwinter, the upgrade was activated at 00:42 UTC on June 26 – the moment the network mined block 347,500, as previously reported by CoinDesk. The event is primarily aimed to gear up the zcash code for its massive Sapling hard fork, currently scheduled …

Privacy-oriented cryptocurrency zcash is about to undergo its first-ever hard fork. Called “Overwinter,” the update requires all users of the nearly $800 million blockchain to switch to a new software. But while these kinds of system-wide changes can be high-risk – if some users reject the change, it can split the blockchain and create a …

Despite the best efforts of zcash developers to keep the cryptocurrency’s coming upgrade, Overwinter, as seamless as possible, the $8 billion network was faced with a plot-twist this week. Mere days before the update (a hard fork of the code) was set to execute – a developer decided to effectively threaten to split the network …

There is “no right answer” to ethereum’s fund recovery debate. The words were spoken by Preethi Kasireddy, a former partner at Andreessen Horowitz and former software engineer at Coinbase, during the ethereum community conference EDCON on May 4. As the debate rages over whether ethereum should hard fork to return funds lost on the platform, including …

Bitcoin cash’s next software upgrade may be even more ambitious than its first – and that’s no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network …

Parity Technologies issued a statement Thursday stating it has no plans to move forward with a code change that would result in an ethereum blockchain split. Named EIP-999, the contentious code change would recover the $264 million lost due to a code fault in Parity wallets in November 2017. Signed by co-founder of the company …

Ethereum may be on the brink of a blockchain split. At least, that was the mood at a meeting of top ethereum developers late last week where a discussion around a code proposal called EIP-999 led some to speculate that the creation of two competing blockchains is now a possibility. Indeed, it’s now believed the proposal, …

Having rallied more than 80 percent in the last week, bitcoin cash (BCH) looks overbought and due for a pullback. The world’s fourth largest cryptocurrency by market capitalization confirmed a bull breakout on April 15 by crossing the long-term descending trendline. The price rise occurred alongside the broader market recovery seen after bitcoin’s $1,000 rally on …

A hard fork of privacy-centric cryptocurrency monero executed this morning, but the success of the roll-out is still unclear. At block number 1546000 (08.20 UTC on Friday), the software upgrade of the cryptocurrency went live, according to data from blox.minexmr.com. Due to the controversial nature of the upgrade, the monero community have gathered on social …

‘ASIC-resistant no more? That’s the question circulating Tuesday in the wake of news that Bitmain, the China-based maker of hardware specialized for cryptocurrency software, had developed a new “ASIC” mining chip designed specifically to process ethereum transactions and claim the protocol’s rewards. Bitmain confirmed the release of its Antminer E3 chips, which will retail for …

Omri Marian is a professor of law at the University of California, Irvine. He contributed to several projects on the taxation of cryptocurrencies at the American Bar Association Section on Taxation. The views expressed are his own and do not constitute tax advice. The following article is an exclusive contribution to CoinDesk’s Crypto & Taxes …

Privacy-focused cryptocurrency zcash is gearing up for its first hard fork. And while that may call to mind bitter debates over development or excitement about free coins, actually zcash’s first hard fork – dubbed “Overwinter” – isn’t about either. Instead, the cryptocurrency’s developer team is hoping to lay the groundwork for more dramatic upgrades in …

Velvet has always been a sign of nobility, but in the crypto space, it’s now the name adorning a new and promising way for upgrading blockchain software. At least that’s the hype behind “velvet forks,” a mechanism for upgrading cryptocurrency code that has some high-profile crypto enthusiasts intrigued. “We think the most interesting part is …

A fork of a fork of a fork? With Friday’s birth of a new coin called “bitcoin private,” the cryptocurrency space just keeps getting more meta. The much-discussed launch finds the cryptocurrency being created from a copy of the zclassic cryptocurrency (itself a copy of zcash, which was a copy of bitcoin). But if that sounds crazy, it’s …

“Be careful out there!” So tweeted litecoin creator Charlie Lee in response to the launch of litecoin cash, a cryptocurrency that’s expected to spin off from his project, the fifth largest cryptocurrency by total value, next weekend, taking its code and transaction history with it. Always outspoken, Lee went on to call the project a …

Ethereum is once again at a familiar crossroads. As the price of its cryptocurrency ether has soared (and then corrected) in 2018, one thing has remained constant – users continue to lose money due to hacks, faulty code and human error. It’s an issue that in the past has split the platform into rivaling forces …

Parity Technologies has just released a proposal for reclaiming its lost funds. In a blog post published soon before press time, the ethereum software company confirmed that a hard fork will be necessary in order to reactivate the $160 million-worth of ether (ETH) that was frozen last month due to a fault in the code. …

Dr. Pavel Kravchenko holds a PhD in technical sciences and is the founder of Distributed Lab. For quite some time now I’ve been asking smart people the same question – what is bitcoin, actually? I put the question to Mike Sofaer of Brian Kelly Asset Management when I saw him at the Scaling Bitcoin conference …

Blockchain coder Cody Burns wakes up in a coffin-sized hotel room in what he would later call a “questionable” part of Hong Kong. As the hotel cashier doesn’t speak English (and only accepts in-person paper-based check-ins), Burns believes this hotel is “not something a westerner would stay in,” but that’s all part of his plan …

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